Tongyu Communication (SZSE:002792) Days Payable : 331.61 (As of Mar. 2024)

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What is Tongyu Communication Days Payable?

Tongyu Communication's average Accounts Payable for the three months ended in Mar. 2024 was ¥629 Mil. Tongyu Communication's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥173 Mil. Hence, Tongyu Communication's Days Payable for the three months ended in Mar. 2024 was 331.61.

The historical rank and industry rank for Tongyu Communication's Days Payable or its related term are showing as below:

SZSE:002792' s Days Payable Range Over the Past 10 Years
Min: 221.88 Med: 265.81 Max: 317.12
Current: 228.38

During the past 13 years, Tongyu Communication's highest Days Payable was 317.12. The lowest was 221.88. And the median was 265.81.

SZSE:002792's Days Payable is ranked better than
92.15% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs SZSE:002792: 228.38

Tongyu Communication's Days Payable increased from Mar. 2023 (268.75) to Mar. 2024 (331.61). It may suggest that Tongyu Communication delayed paying its suppliers.

Tongyu Communication Days Payable Historical Data

The historical data trend for Tongyu Communication's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tongyu Communication Days Payable Chart

Tongyu Communication Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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242.02

282.82

293.96

248.79

229.78

Tongyu Communication Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															268.75	237.52	242.31	170.59	331.61

Competitive Comparison of Tongyu Communication's Days Payable

For the Communication Equipment subindustry, Tongyu Communication's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tongyu Communication's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tongyu Communication's Days Payable distribution charts can be found below:

* The bar in red indicates where Tongyu Communication's Days Payable falls into.

Tongyu Communication Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Tongyu Communication's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (614.853	+	675.043)	/	2 )	/	1024.48	*	365
=	644.948					/	1024.48	*	365
=	229.78

Tongyu Communication's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (675.043	+	582.663)	/	2 )	/	173.043	*	365 / 4
=	628.853					/	173.043	*	365 / 4
=	331.61

Tongyu Communication Days Payable Related Terms

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Tongyu Communication (SZSE:002792) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tongyu Communication Inc (SZSE:002792) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.3 Jintong Street ,State-Level, Torch Hi-Tech Industrial Development Zone, Guandong, Zhongshan City, CHN, 528437

Website

http://www.tycc.cn

Tongyu Communication Inc develops, manufactures and sells communication antennas and RF devices, optical module and other products used in mobile communication systems. The company produces base station antennas, RF components, microwave antennas, indoor antennas.

Executives

Wu Zhong Lin	Director
Chen Hong Sheng	Directors, executives
Fang Feng Ming	Executives
Liu Mu Lin	Directors, executives
Gao Zhuo Feng	Supervisors
Sun Jun Quan	Supervisors
Huang Si Ding	Executives

Tongyu Communication (SZSE:002792) Headlines

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